RRSP Calculator

An RRSP (Registered Retirement Savings Plan) calculator helps you estimate the growth of your RRSP investments in Canada over time, considering contributions, interest rates, and compounding frequency. To create an RRSP calculator, I’ll need the following details:
Current Age: Your age now.
Retirement Age: The age at which you plan to retire.
Current RRSP Balance: The amount already in your RRSP.
Annual Contribution: The amount you plan to contribute each year to your RRSP.
Expected Annual Rate of Return: The annual return rate on your RRSP investments (e.g., 5%, 7%).
Marginal Tax Rate: Your current tax rate, to estimate the tax savings from contributions.